I am selling my house in Sutton On Sea and the estate agent has just called to advise that the buyers are switching law firm. The reason given is that the mortgage company will only engage with solicitors on their conveyancing panel. On what basis would a major lender only engage with certain solicitors rather the firm that they want to appoint to handle their conveyancing in Sutton On Sea ?
UK lenders have always had an approved set of law firms they are willing to work with, but in the past few years big names such as Lloyds Banking Group, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for many years.
Mortgage companies point to the increase in fraud by way of justification for the pruning – criteria have been stiffened as a smaller panel is easier to oversee. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is hearing daily from firms that have been removed from panels. Plenty of firms do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your buyers are unlikely to have any impact on this.
Can the conveyancing lawyers that you recommend carry out right to buy conveyancing in Sutton On Sea?
We work with a variety of conveyancing lawyers who can handle right to buy conveyancing work You should call us to secure a conveyancing quote.
I am purchasing a terraced house in Sutton On Sea. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Sutton On Sea you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Sutton On Sea.
The deeds to our house can not be found. The solicitors who handled the conveyancing in Sutton On Sea 4 years ago are no longer around. Will I be able to sell the house?
Nowadays there are copies made of almost everything, and your conveyancer should know exactly where to locate all the relevant documentation so you can buy or dispose of your house without any difficulty. If copies are not available, your lawyer may be able to put in place insurance or indemnities against future claims on your property.
I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a quick, chain free conveyancing. Sutton On Sea is the location of the property. Is there any guidance you can impart?
Flying freeholds in Sutton On Sea are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Sutton On Sea you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Sutton On Sea may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I am looking for a conveyancing lawyer in Sutton On Sea for my home move. Is there any facility to review a firm’s complaints history with the profession’s regulator?
Anyone may see published Solicitor Regulator Association (SRA) decisions stemming from inquisitions started on or after Jan 2008. Visit Check a solicitor's record. To find details about the period before 1 January 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, dial +44 (0)121 329 6800. The regulator sometimes recorded telephone calls for training purposes.